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District 140 | Bulletin 016 Air Canada Off-Duty Status (ODS) Pension Buyback Q&A
Dear Brothers & Sisters:Below is an Off-Duty Status (ODS) Pension Buyback Q&A: Q1: How will the assumed pensionable earnings used to determine the amount of required pension contributions be calculated? A: Assumed pensionable earnings during ODS will be based on the compensation rate (wage) that the member earned in the pay period immediately prior to…
EFAP Bulletin
Dear colleagues, On behalf of EFAP, I am proud to advise you that we have decided to extend our free 3rd party counselling service (Homewood) until the end of this year (December 31, 2021).This service is free (EFAP) and available to all IAMAW members who are active, on ODS or lay-off status. Of course, active…
ERRONEOUS AERONET PENSION PROJECTION ESTIMATES
Dear Brothers and Sisters,Your IAMAW Air Canada Pension Committee was flooded with enquiries from our members across the entire system during the last week concerning large reductions in the value of their pension benefits in the online Aeronet pension projector. When we looked at the “Calculations Details” page of pension projections that were provided to…